Stripe in talks to acquire Bridge for $1 billion

Stripe is reportedly in advanced talks to acquire stablecoin platform Bridge for $1 billion, according to Forbes, though nothing has been finalized. Bridge, co-founded by Coinbase alumni Zach Abrams and Sean Yu, offers an API that helps companies accept stablecoins and raised $58 million from investors including Index Ventures and Sequoia Capital, according to PitchBook. The article says the deal would be a large jump from Bridge's $200 million valuation and would be Stripe's largest acquisition to date. It also notes that Stripe has prioritized crypto, enabling crypto purchases in the EU in July and announcing a Pay with Crypto feature earlier this month that lets merchants accept stablecoins.